Stantec Inc. (STN) PT Raised to C$37.00

Stantec Inc. (TSE:STN) had its price objective upped by equities researchers at TD Securities from C$35.00 to C$37.00 in a report issued on Friday. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 7.75% from the stock’s current price.

A number of other research analysts have also recently issued reports on STN. Scotiabank cut shares of Stantec from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$36.00 to C$34.00 in a report on Friday, August 5th. Canaccord Genuity decreased their price target on shares of Stantec from C$35.00 to C$33.00 and set a “hold” rating for the company in a report on Saturday, August 6th. CIBC decreased their price target on shares of Stantec from C$34.00 to C$33.00 in a report on Saturday, August 6th. DA Davidson reduced their target price on shares of Stantec from C$36.00 to C$32.00 and set a “neutral” rating for the company in a report on Saturday, August 6th. Finally, Desjardins set a C$34.00 target price on shares of Stantec and gave the stock a “hold” rating in a report on Saturday, August 6th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Stantec has a consensus rating of “Hold” and an average price target of C$34.68.

Shares of Stantec (TSE:STN) opened at 34.34 on Friday. Stantec has a 12 month low of $27.99 and a 12 month high of $35.57. The firm has a 50-day moving average price of $30.71 and a 200-day moving average price of $31.65. The company has a market capitalization of $3.91 billion and a PE ratio of 26.37.

Stantec Company Profile

Stantec Inc is a provider of professional services in the area of infrastructure and facilities for clients in the public and private sectors. The Company’s segment is Consulting Services. The Company’s services include planning, engineering, architecture, interior design, landscape architecture, surveying, environmental sciences, project management, and project economics for infrastructure and facilities projects.